Furniture Medic

At a Glance

About Furniture Medic

Joseph Lunsford wasn't looking to start a business when he moved into a new home and realized that several pieces of his furniture had been damaged in transit, but start one he did. He founded Furniture Medic in 1992 in response to his dissatisfaction with the long turnaround time that was common with most refurnishing shops.
In 1996 Furniture Medic was acquired by ServiceMaster. ServiceMaster's franchise family also includes franchisors Merry Maids, Terminix and AmeriSpec.

Franchise Units

Year

U.S.

Canadian

International

Company Owned

2015

226

45

69

0

2014

205

46

69

0

2013

202

45

69

0

2012

211

48

69

0

2011

221

51

82

0

Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.

Startup Costs, Ongoing Fees and Financing

Financial Requirements

Net Worth: $60,000 - $80,000 Liquid Cash Available: $15,000 - $25,000

Operations

Franchise can be run from home. 40% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 1. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).

Financing Type

In-House

Third Party

Franchise Fee

Startup Costs

Equipment

Inventory

Accounts Receivable

Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 2 weeks. Home study/mentor program : 2+ weeks.